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...Khodorkovsky, then Russia's richest man, was arrested in 2003 at a time when he had been funding Kremlin-opposition groups, and had been vocal about his disdain for Putin. The charges for tax evasion and fraud on which he was convicted may have applied to many of Russia's leading businessmen at the time, say critics. "The only difference between [Khodorkovsky] and any other large-scale business at the time was his anti-Kremlin stance," says Tatiana Lokshina, deputy director of the Moscow office of Human Rights Watch. "He frequently denounced Putin." Lokshina says that a further conviction...

Author: /time Magazine | Title: Imprisoned Putin Foe Faces New Charges | 3/6/2009 | See Source »

...center of the drama is Maria-Elisabeth Schaeffler, 67, the grande dame of one of Germany's richest industrial clans. Last year she spearheaded her car-component company's dramatic 12 billion euro ($16 billion) takeover of a larger rival that left most of Germany breathless - but not quite with admiration. Such buyouts had more often been associated with predatory foreigners (e.g., Americans) than with fellow Germans. The audacious bid smacked of hubris to many Germans and angered labor unions, who warned that the Schaeffler Group was biting off more than it could chew. Indeed, it soon came under immense...

Author: /time Magazine | Title: German Company Seeking Bailout Is Tied to Auschwitz | 3/5/2009 | See Source »

...Harvard will dramatically affect neighboring communities—those that don’t have the most expensive money managers and billions of dollars in an endowment to jump-start their financial recovery. Harvard teaches its students to be responsible citizens, but there is nothing responsible about the richest university in the world conducting massive layoffs that will only add to the already hurting economy...

Author: By Alyssa M Aguilera | Title: Save Harvard Jobs | 3/4/2009 | See Source »

...Wednesday that China's "biggest nightmare" is being ordered by the U.S. and Europe to raise the value of their currency by 30% or face a 30% rise in tariffs. The pressure to revalue the Chinese currency could come as early as April 2, when the Group of 20 richest countries in the world meet in London, and where President Obama is scheduled to meet Chinese president Hu Jiantao for the first time. In the run-up to that crucial meeting China's buying spree is aimed at soothing Western anger about the country's economic policies. "This...

Author: /time Magazine | Title: China Goes on a Smart Shopping Spree | 3/2/2009 | See Source »

...Current leader of the Pakistan Muslim League (PML) party, he has a net worth of more than $1 billion, making him one of Pakistan's richest people...

Author: /time Magazine | Title: Pakistani Opposition Leader Nawaz Sharif | 2/27/2009 | See Source »

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